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AI, Tariffs Fuel Big Tech Layoffs
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AI, Tariffs Fuel Big Tech Layoffs
This year is on course to become one of the worst years of this century for job cuts, comparable only to the Great Financial Crisis of 2008 and 2009 and the year of the pandemic, 2020. Corporations are primarily attributing hundreds of thousands of recently announced layoffs to higher operating costs caused by US tariffs. Still, many feel that a workforce-rebalancing strategy to fund investments in artificial intelligence may also be to blame. …
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